Residential & Mixed Use

The construction boom in New Jersey is no more evident than in the multifamily and mixed-use sector, thanks to changing demographics and the demand for urban-style living, even in the suburbs.

Retail
Eden Wood taps Rarefied as retail agent for 88-acre town center project in Whippany

A developer has picked Rarefied Real Estate Partners to spearhead retail leasing at a mixed-use, 88-acre project that aims to revitalize a historic former industrial site in Hanover.

Residential & Mixed Use
PRC, Circle Squared eye debut of second phase of 162-unit Bayonne apartment project

PRC Group is set to unveil the second of two new luxury apartment buildings in Bayonne after a rapid lease-up of its first phase.

Finance & Capital Markets
JLL sources $56 million HUD loan to refinance Burlington County apartments

The owner of about 300 apartments in Burlington County has landed a $56 million federal loan to refinance the property, according to a debt placement team with JLL.

Deals
Developer buys 15-acre multifamily site in Burlington Co., Rose Commercial says

A developer has purchased nearly 15 acres of vacant land on Route 130 in Burlington County, in a newly announced deal by Rose Commercial Real Estate.

Residential & Mixed Use
N.Y. firm buys 78-unit Hackensack rental building for $36 million, Kislak says

An out-of-state investor has purchased a 78-unit luxury apartment building in Hackensack for $36 million, in a transaction arranged by The Kislak Co. Inc.

Top News
Newark cultural institutions eye high-profile projects, creation of new downtown arts hub

A series of high-profile development projects are poised to infuse three of Newark’s cultural anchors, while helping to advance economic growth in and around the downtown.

Residential & Mixed Use
Hoboken rental property trades for $9 million, C&W says

The developers of a 16-unit apartment building in Hoboken have sold the property for $9 million, in a newly announced transaction by Cushman & Wakefield.

Residential & Mixed Use
Kislak inks $5.8 million sale of Lancaster, Pennsylvania, apartments

An investor has purchased a 37-unit apartment property in Lancaster, Pennsylvania, for more than $5.8 million, in a deal arranged by The Kislak Co.

Residential & Mixed Use
Kokes launches preleasing, eyes summer delivery for new apartments in Riverside

Kokes Properties has started preleasing at a new 64-unit apartment building in Riverside, the latest addition to a well-known redevelopment site in the township.

Professional Services
Berkadia opens New Jersey office, hires Gambuzza-led investment sales team

Real estate services firm Berkadia has launched a new office in New Jersey with the recent addition of a multifamily investment sales team based in Morristown.